Fox tops estimates as ‘Deadpool 2,’ cable earnings drive gains

(Reuters) – Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street targets on Wednesday, thanks to the popularity of edgy superhero movie “Deadpool 2” and as the company’s cable unit earned higher fees from distributors.

FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz/File Photo

The results – which showed most of Fox’s businesses were performing above expectations – come as the Rupert Murdoch-controlled media conglomerate…

Read More Here

Be the first to comment on "Fox tops estimates as ‘Deadpool 2,’ cable earnings drive gains"

Leave a comment

Your email address will not be published.